remainderman

listen to the pronunciation of remainderman
English - Turkish
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{i} mirasçı
English - English
A person entitled to the assets of a trust at the end of some specified period or after some event. For instance a man's will might put his assets into a trust with the income to go to his wife until she dies (being a life interest), at which time the capital (remainder interest) goes to their children. The children are remaindermen
A person entitled to receive a remainder interest in any property
See Remainder, n
{i} one who owns a future interest in an estate
the person who is to receive possession of the property after the death of a life tenant
A person entitled to the assets of a trust at the end of some specified period or after some event. For instance a mans will might put his assets into a trust with the income to go to his wife until she dies (being a life interest), at which time the capital (remainder interest) goes to their children. The children are remaindermen
The person who has a future interest in a life estate once the present estate terminates
One who has an estate after a particular estate is determined
The individual who will receive the principal of a trust when final distribution takes place
The person who takes the capital of an Estate on the death of the life tenant
a person or institution who will receive the remainder of an estate (that which is left over), after the income beneficiaries have died, and the trust ends
One who receives the principal of a trust when it is dissolved
The one entitled to an interest in property after the termination of a life estate For example, a surviving spouse may have the use of real estate until her death, at which time the remainder interest passes to her child (the remainderman) See also life tenant
Individual or charity entitled to receive the assets upon the termination of a trust
A legal term for the individual or organization who receives the trust principal after the income interest has been satisfied
In the case of a trust, this term refers to the individual who will receive the principal of a trust when final distribution takes place
remainderman
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